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Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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The Mayor, the states attorney, and county board president all ran on explicit social justice platforms. The aldermen/alderwomen of the wards along the red line did the same. Most voters along the north side red line vote for SJW Rep. Jan Schakowsky too. Their voters voted for them overwhelmingly. Since only 30% of voters voted in municipal elections and of those only 40% voted for the opponents of these officeholders (i.e 12% of the overall population in opposition), it’s hard to feel a lot of sympathy for the complaints of guys like Greg Hinz and other civilized SJW red line… Read more »
Is anyone surprised? Open jails. No penalties. Police are told to be totally reactive. I wouldn’t get on one of those crappy trains for anything. Nope. Chicago sports and Chicago in general can live without my money…other than (of course) what is stolen from me by the state and then awarded to the City of Chicago and CPS.
Never relax around the feral south side negro.
Let’s see … I got it. Let’s go see a White Sox game. We can take the Red Line. So, we can get mugged on the El; then, gouged with taxes and fees for parking, attendance, food, and souvenirs. What a fulfilling afternoon! Chicago really knows how to show Chicago and suburban residents how to have a good time. What a joke.
New slogan for the CTA. Take a ride, become a victim